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Volkswagen is intensifying talks with Swedish startup Northvolt on plans to jointly build up battery cell production in Salzgitter, near its headquarters in Lower Saxony, one of its board members told a German newspaper.

The $70 billion Japanese trade surplus with the U.S. is dwarfed by China's $379 billion surplus, and the trade tensions between Washington and Tokyo are far less contentious than the tariffs war with Beijing.

ArcelorMittal's project includes the construction of a hot roll mill, a blast furnace modernization and mining investment adjustments to better supply the automotive and construction industries among others, said Cairo.

Sales of passenger cars and light commercial vehicles slid 56% year-on-year in April, the Automotive Distributors' Association (ODD) said earlier this month, adding that sales dropped 48% in the first four months of the year.

The report from the Commerce Department on Friday also showed orders for these goods were not as strong as previously thought in March and shipments were weak over the last two months, indicating that manufacturing was fast losing ground.

In another move to ensure safety and bring down the number of accidents, the Highway Police have started awareness programmes for the commuters, this time they are mostly targeting the passengers travelling in the State transport buses as well as the private players.

ETAuto takes a deep dive into the turn of events in the past and pieces them together to reflect on its impact on global and Indian market after Ghosn’s arrest. Whatever be the truth- the rift between the two partners have come in public – so who gains or losses from the perennial acrimony.

RBI on Friday notified a draft liquidity risk management framework for NBFCs to protect the interest of lenders and depositors of non-bank finance companies. In its move, the apex bank plans to get large NBFCs to invest in government bonds or deposits to ensure that they have enough to make repayments for one month if funds dry up due to a liquidity crisis.

As per the suit filed, Royal Enfield has infringed Flash electronics’ patent on “Regulator Rectifier Device and Method for Regulating an Output Voltage of the Same” duly issued by the United States Patent & Trademark Office (USPTO) to Flash Electronics on February 20, 2018 after Flash’s R&D department made a breakthrough invention of the component in 2014.